How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Law Educator, Esq. Your Own Question
Law Educator, Esq.
Law Educator, Esq., Lawyer
Category: Consumer Protection Law
Satisfied Customers: 117375
Experience:  Attorney experienced in commercial litigation.
Type Your Consumer Protection Law Question Here...
Law Educator, Esq. is online now
A new question is answered every 9 seconds

I'm in a bad loan from cresant bank I signed up for a loan

Customer Question

I'm in a bad loan from cresant bank I signed up for a loan at 17.5 my payments show 40 percent or more iborrowed 18.600 payed on it for a year and I still owe 17.047 I have never missed a payment what are my rights and what should I do?
Submitted: 1 year ago.
Category: Consumer Protection Law
Expert:  Law Educator, Esq. replied 1 year ago.
Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
For starters, you need to have a local consumer protection attorney do a loan audit. If you signed up for 17.5% interest then they cannot charge you 40% and if they are doing so, then they are in breach of contract and committing an unfair and deceptive business practice and you can sue them for this breach. So, get the loan audit done first, because you will need that in order to sue them for breach of contract.

Related Consumer Protection Law Questions